Camden National Corporation (CAC) financial statements (2020 and earlier)
Company profile
| Business Address |
TWO ELM ST CAMDEN, ME 04843 |
| State of Incorp. | ME |
| Fiscal Year End | December 31 |
| SIC | 6021 - National Commercial Banks (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 78 | 138 | 87 | 140 | 67 | 98 | 117 | ||
| Cash and cash equivalents | 77 | 138 | 86 | 140 | 67 | 98 | 117 | ||
| Short-term investments | 2 | 1 | 1 | ||||||
| Total current assets: | 78 | 138 | 87 | 140 | 67 | 98 | 117 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 42 | 41 | 41 | 42 | 42 | 41 | 41 | ||
| Long-term investments and receivables | 933 | 933 | |||||||
| Long-term investments | 933 | 933 | |||||||
| Intangible assets, net (including goodwill) | 98 | 98 | 99 | 99 | 99 | 99 | 99 | ||
| Goodwill | 95 | 95 | 95 | 95 | 95 | 95 | 95 | ||
| Intangible assets, net (excluding goodwill) | 4 | 4 | 4 | 4 | 4 | 4 | 5 | ||
| Total noncurrent assets: | 140 | 139 | 140 | 1,074 | 1,075 | 140 | 140 | ||
| Other undisclosed assets | 4,211 | 4,243 | 4,220 | 3,208 | 3,156 | 3,953 | 3,936 | ||
| TOTAL ASSETS: | 4,430 | 4,520 | 4,447 | 4,421 | 4,297 | 4,192 | 4,194 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 532 | 273 | 242 | 256 | 271 | 410 | 592 | ||
| Total current liabilities: | 532 | 273 | 242 | 256 | 271 | 410 | 592 | ||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 3,424 | 3,775 | 3,738 | 3,711 | 3,591 | 3,364 | 3,192 | ||
| Total liabilities: | 3,956 | 4,049 | 3,979 | 3,967 | 3,862 | 3,774 | 3,784 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 473 | 472 | 468 | 454 | 436 | 418 | 410 | ||
| Common stock | 139 | 142 | 152 | 156 | 158 | 158 | 157 | ||
| Accumulated other comprehensive loss | (6) | (1) | (4) | (14) | (24) | (33) | (31) | ||
| Retained earnings | 341 | 330 | 320 | 312 | 302 | 293 | 283 | ||
| Total stockholders' equity: | 473 | 472 | 468 | 454 | 436 | 418 | 410 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,430 | 4,520 | 4,447 | 4,421 | 4,297 | 4,192 | 4,194 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 36 | 36 | 36 | 41 | 45 | 41 | 39 | |
| Net investment income | 36 | 36 | 36 | 36 | 36 | 33 | 31 | |
| Financial services revenue | ✕ | ✕ | ✕ | 5 | 9 | 8 | 8 | |
| Cost of revenue | (0) | (1) | (1) | (1) | (0) | (0) | (1) | |
| Provision for loan, lease, and other losses | (0) | (1) | (1) | |||||
| Financial services costs | ✕ | ✕ | ✕ | (1) | (0) | (0) | (1) | |
| Gross profit: | 35 | 36 | 35 | 41 | 45 | 40 | 38 | |
| Operating expenses | (3) | (3) | (3) | (16) | (16) | (16) | (16) | |
| Other operating income (expense), net (Noninterest Income, Other Operating Income) | 2 | 1 | 1 | 1 | (0) | 1 | 1 | |
| Operating income: | 34 | 34 | 33 | 26 | 29 | 25 | 23 | |
| Nonoperating income (expense) | 1 | 1 | 1 | 1 | (0) | 1 | 1 | |
| Investment income, nonoperating | 0 | 0 | (1) | 1 | 0 | |||
| Bank owned life insurance income | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Interest and debt expense | (9) | (11) | (11) | (10) | (9) | (8) | (8) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (6) | (6) | (6) | 1 | (3) | (1) | (1) | |
| Income from continuing operations before income taxes: | 19 | 18 | 16 | 18 | 17 | 17 | 15 | |
| Income tax expense | (4) | (4) | (3) | (3) | (4) | (3) | (3) | |
| Net income attributable to parent: | 15 | 14 | 13 | 14 | 14 | 14 | 12 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Net income available to common stockholders, diluted: | 15 | 14 | 13 | 14 | 14 | 14 | 12 | |
Comprehensive Income ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 15 | 14 | 13 | 14 | 14 | 14 | 12 | |
| Other comprehensive income (loss) | (5) | 4 | 10 | 10 | 9 | (2) | (2) | |
| Comprehensive income, net of tax, attributable to parent: | 10 | 18 | 23 | 24 | 23 | 12 | 10 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.